- Argentina’s ARCA updated the Tax Free VAT refund commission table for foreign tourists buying eligible domestically produced goods and leaving the country.
- The refund is now split into two purchase brackets (VAT included): from AR$70 to AR$570,000, the tourist gets 13% of the total purchase price; above AR$570,001, the tourist gets 14%.
- These percentages are not of the 21% VAT itself, but of the final price including VAT; ARCA also states the share these amounts represent of the 21% VAT.
- For purchases from AR$70 to AR$570,000, the intermediary company keeps 25.10% of the VAT amount, while the tourist receives 74.90%.
- For purchases above AR$570,001, the company’s commission drops to 19.33% of the VAT, and the tourist receives 80.67%.
Source: ambito.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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